State Street Corporation

State Street Corp. Options Fun

Posted by Investing Freak on April 21, 2010
General / 1 Comment

I don’t have the time tonight for a nightly recap so I will highlight one of my trades.

I shorted State Street Corporation on April 13 because of gut feeling (always follow gut)  and sold April 20 via writing of May 49 strike calls.

Here is the chart with the entry and exit points. Here is the link to the option if you were wondering finance.yahoo.com/q?s=SPJ100522C00049000

I don’t have time for the nightly recaps but I will leave you with an updated chart that you will like. (Click To Enlarge)

1 Week play = 80% Profit.  I took profits because you can never be too greedy especially when there’s only $25 left on the plate.

Have a good night and make some money!

-K

Tags: ,